Empowering Youth Inc

Analysis

Empowering Youth Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Empowering Youth Inc reported income of $3.4m and spending of $2.5m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $3.4m (+234%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empowering Youth Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Turnaround Tuesday Inc ($3.4m), Riverbrook Residence Inc ($3.4m) and Saving Innocence Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $826k. At year end it held assets of $4.2m against liabilities of $527k, net assets of $3.7m. It reported 23 employees.